10.10.ent, it's safer to stay in Protected View E16-15 Classifying costs Enable Editing Wheels, Inc. manufactures wheels for bicycles, tricycles, and scooters. For each cost given below, determine if the cost is a product cost or a period cost. If the cost is a product cost, further determine if the cost is direct materials (DM), direct labor (DL), or manufacturing overhead (MOH) and then determine if the product cost is a prime cost, conversion cost, or both. If the cost is a period cost, further determine if the cost is a selling expense or administrative expense (Admin). Cast (a) is answered as a guide. Cost a. Metal used for rims b.Sales salaries c. Rent on factory d. Wages of assembly workers e. Salary of production supervisor f. Depreciation on office equipment 9.Salary of CEO h.Delivery expense Period Prime Conversion Selling Admin. Product DM DL MOH x x Draw Design Layout References Mailings Review View Help PERRLA tw solutes from the internet can contin ses. Unless you need to edit it's safe to stay in Protected View Pl6-28A Do Requirements 1, 2 and 4 Enable Eding Gourmet Bones manufachues its own brand of pet chew bones. At the end of December 2018, the accounting records showed the following Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Beginning Ending $13,500 $7,500 3,500 0 5,200 Other information: Direct materials purchases Plant janitorial services $ 36,000 700 Sales salaries 6,000 Delivery costs 1,300 Net sales revenue 107,000 Utilities for plant 1,300 Rent on plant 17,000 Customer service hotline costs 1,200 Direct labor 23,000 Requirements 19 Utilities for plant Rent on plant Customer service hotline costs Direct labor Requirements 1. Prepare a schedule of cost of goods manufactured for Gourmet Bones for the year ended December 31, 2018. 2. Prepare an income statement for Gourmet Bones for the year ended December 31,2018. 4. Gourmet Bones manufactured 17,900 units of its product in 2018. Compute the company's unit product cost for the year, rounded to the nearest cent. 107,000 1,300 17,000 1,200 23,000 Spreadsheet(1) Page Layout Formulas Data Review View Help File Home Insert X Calibr Ib Search (Alt- 11 AA P Gene # Conditional Formatting BIU AKTION2 $ % 9 Format as Table Delete 4 Call Styles Format Fort 2 Algimant 9 Number Styles Co Undo Od 821 XVfx Assignment 1 D Product Product Period Cost DM DL MOH Prime Conversion Selling Admin X x E16-15 3 4 5 6 17. 7 Metal used for rims b. Sales salaries Rent on factory d. Wages of assembly workers Salary of production supervisor Depreciation on office equipment Salary of CEO 9 20 e 11 12 33 h. Delivery expense 34 5 56 17 Haven Gomer Comments Share 443 Sort & Find & Fit Select Analy Dia M